SEQUOIA HOSPITAL FOUNDATION

EIN: 942909990 501(c)(3) Health Care

REDWOOD CITY, CA

Total Revenue
$14,263,249
Total Expenses
$5,175,655
Total Assets
$39,179,133
Net Assets
$39,179,133
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Principal Officer
TOM CORTOPASSI
Phone
6503675657
Tax Period
2024-07-01 to 2025-06-30

SEQUOIA HOSPITAL FOUNDATION, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 269% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.1M, a strong 64% operating margin.

Mission

TO RAISE FUNDS AND CULTIVATE OTHER RESOURCES TO SUPPORT SEQUOIA HOSPITAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,666,389
Program Service Revenue $0
Investment Income $667,908
Other Revenue $-71,048
TOTAL REVENUE $14,263,249

Expense Breakdown

Grants Paid $4,776,034
Salaries & Benefits $0
Fundraising Expenses $153,227
Program Expenses $4,776,034
Other Expenses $399,621
TOTAL EXPENSES $5,175,655

Year-over-Year Comparison

2024 2023 Change
Revenue $14,263,249 $3,867,774 +2.7%
Expenses $5,175,655 $3,734,484 +0.4%
Net Income $9,087,594 $133,290 +67.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
21

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$342,948
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY JOYCE MD CHAIR UNTIL 06/25 1.00
Officer Director
$0 $0 $0
PARAAG MARATHE VICE CHAIR 1.00
Officer Director
$0 $0 $0
TOM CORTOPASSI SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
LISA BRENNAN BOARD MEMBER UNTIL 06/25 1.00
Director
$0 $0 $0
SABRINA FRANCIS BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM GRAHAM BOARD MEMBER UNTIL 06/25 1.00
Director
$0 $0 $0
TED HANNIG BOARD MEMBER 1.00
Director
$0 $0 $0
BERNADETTE MELLOTT BOARD MEMBER 1.00
Director
$0 $0 $0
SYLVIA NELSON BOARD MEMBER UNTIL 06/25 1.00
Director
$0 $0 $0
JULIE SAN FILIPPO BOARD MEMBER 1.00
Director
$0 $0 $0
MARISA SAN FILIPPO BOARD MEMBER 1.00
Director
$0 $0 $0
MARYLUE TIMPSON BOARD MEMBER UNTIL 06/25 1.00
Director
$0 $0 $0
DARLENE WOODSON BOARD MEMBER 1.00
Director
$0 $0 $0
JANINE VALINE BOARD MEMBER AS OF 07/24 1.00
Director
$0 $0 $0
NORMAN DEWILL BOARD MEMBER AS OF 07/24 1.00
Director
$0 $0 $0
DONNA MCKINNEY BOARD MEMBER AS OF 07/24 1.00
Director
$0 $0 $0
MILAN PARIKH BOARD MEMBER AS OF 07/24 1.00
Director
$0 $0 $0
NILIMA RAGAVAN BOARD MEMBER AS OF 07/24 1.00
Director
$0 $0 $0
PAUL HANK SCHERF BOARD MEMBER AS OF 07/24 1.00
Director
$0 $0 $0
JOSEPH YAPAOLA BOARD MEMBER AS OF 07/24 1.00
Director
$0 $0 $0
LINDSEY HINCKS PRESIDENT 40.00
Officer
$314,234 $28,714 $342,948
ERIN CALLAGHAN PHILANTHROPY OPERATION MAN 40.00
Highest
$136,825 $327 $137,152
SUKHIE BAL DIRECTOR OF DEVELOPMENT UNTIL 11/24 40.00
Highest
$109,420 $0 $109,420
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $14,263,249 $5,175,655 $39,179,133 $9,087,594
2024 $3,867,774 $3,734,484 $27,624,798 $133,290
2023 $2,112,248 $3,413,973 $24,845,432 $-1,301,725
2022 $5,009,692 $4,026,030 $24,695,467 $983,662
2021 $11,905,138 $4,547,963 $27,254,415 $7,357,175
2020 $1,551,369 $3,516,785 $16,508,177 $-1,965,416
2019 $2,521,002 $4,784,021 $18,224,555 $-2,263,019
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